English: Barack Obama signing the Patient Protection and Affordable Care Act at the White House Español: Barack Obama firmando la Ley de Protección al Paciente y Cuidado de Salud Asequible en la Casa Blanca (Photo credit: Wikipedia)
It does and it doesn’t. After all the ones on the right side ( yes there is one, there is a right side and that is the Obamacrats) are anti outsourcing and probably not that friendly to India. But then India historically understands that what it thinks from afar and how it will be treated at the Dining table are almost always impossible to reconcile and it is mostly a case of the understanding sibling waiting afar to make a ritual sacrifice to the global family than any other equal concessions or other.
Or so China and Pakistan would like to believe. Of course Anti India rhetoric aside, China will still give much more weightage to India than to Pakistan because of Pakistan’s vanishing act in the Economy, in contextual relevance in Defence matters and the sheer size of the Indian market. But China has been obdurate and India’s policy is either expected to help US or China or stay away, making India the loser in all three choices and to put it rather insensitively, equally decimated in any of the options. Defence spending , and there has been some, does help India’s Foreign policy cause but as far as Obama’s win is concerned, the dividend from that is only likely a couple of decades hence when US continues to grow as trading partner.
Back to other subjects of the morning, M&M and L&T have not got permissions to expand their Defence and Ordnance business and two wheeler markets are not growing in the festive season despite the Mujals’ best efforts on Hero. New launches from Hero are already sold 100k in M-Cycles and 50k in Scoters so the start’s more than good but Bajaj is the one winning the share wars and the profit margins this season.
New impetus to Banks wanting to set up business in the changed policy circumstance has again taken a back seat as nothing is likely before India’s own elections come due and the ministers (eGoM) realise hopefully that half cooked might well be twice the penury for them in electoral battles so they should get something with the flavour of ‘execution’ out of the stables first.
The Israel Lobby and U.S. Foreign Policy (Photo credit: Wikipedia)
Markets are where they were yesterday and the wait has not changed trends or direction of the markets. Romney is also where he was yesterday and pinning him on the changing stances in the debate goes against the grain of understanding Romney the politician, a by product of Romney the business investor which makes its very unlikely the Tea Party will be around or longer unless Americans want more gridlocked barbecues on the white house lawns
Under President Obama, the GOP has allowed their casual regard for the truth, their racialized disdain for the President, and their political agenda to systematically bankrupt their standing on foreign affairs and especially on national security. These two maddening partisan attacks from Issa, coupled with the outright lies told by and reinforced through the combination of Romney, Liz Cheney, John Bolton, Condi Rice, etc., about the President’s Foreign Policy all functionally shift how discussions of this complex and dangerous topic will forever be conducted. Just as the constant unprecedented obstruction in the senate will forever change how legislation will be passed in the Senate. Just as interactions with Israel, backed and promoted by the GOP — who has almost no actual elective responsibility, obligation, nor purview on foreign policy right now – have forever damaged congressional participation in foreign affairs.
Posted by offshore bank | November 5, 2012, 7:04 pm